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Economic development staff tighten due‑diligence and contract controls for enterprise site program
Summary
Staff described a revised process for Employment Site Program (ESP) awards that moves third‑party financial due diligence to the front end and gives county administration delegated authority to execute final contracts after vetting; commissioners asked for safeguards and clarity on clawback mechanisms.
The county's economic development team explained on July 17 that it has changed how it vets applicants for gap‑funding and incentive agreements under the Employment Site Program (ESP), moving third‑party due diligence earlier in the process and retaining county‑attorney review of final contracts.
Cynthia Johnson, economic development, said staff and an outside consultant will perform in‑depth financial and pro‑forma reviews before an application is presented to the board. Under the revised workflow, staff will bring a…
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